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HSIL advances on plan to launch Air Purifier

15 Dec 2015

HSIL is currently trading at Rs. 303.00, up by 4.90 points or 1.64% from its previous closing of Rs. 298.10 on the BSE.

The scrip opened at Rs. 303.10 and has touched a high and low of Rs. 305.00 and Rs. 300.50 respectively. So far 7,375 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 477.00 on 13-Apr-2015 and a 52 week low of Rs. 238.00 on 25-Aug-2015.

Last one week high and low of the scrip stood at Rs. 312.80 and Rs. 290.40 respectively. The current market cap of the company is Rs. 2,001.00 crore.

The promoters holding in the company stood at 47.11% while Institutions and Non-Institutions held 33.70% and 19.18% respectively.

HSIL is going to launch a new product i.e. ‘Air Purifiers’ under the brand name ‘Moonbow’ on December 15, 2015. The company is also in the process of launching water purifiers for home segment.

The company has tied up with The Marmon Group of Italy for the supply of water purification products. The Marmon Group is part of Berkshire Hathaway Inc & is a diversified industrial organization with revenues of $8 billion in 2014.

HSIL is one of the leading domestic players in container glass and building products segments. Under the second segment, the company manufactures and trades in sanitaryware products, faucets and wellness products. It has five manufacturing facilities in India, of which three are located in Andhra Pradesh, one in Rajasthan and one in Haryana.

Related HSIL Ltd. Links:

HSIL Share Price

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323